---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001453"
form_type: "8-K"
ticker: "TAP"
cik: "0000024545"
company_name: "MOLSON COORS BEVERAGE CO"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T19:34:48.690942+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Molson Coors Q3 net sales up 4% to $2.94B; GAAP EPS $0.99, underlying EPS $1.32

## Summary
- Net sales $2,935M (+4.0% reported, +7.9% constant currency); brand volumes down 2.0%.
- GAAP pretax income $273M (-43.2%); underlying pretax income $364.6M (-5.0%, +0.5% constant currency).
- Underlying diluted EPS $1.32 vs $1.75 prior year; COGS per hectoliter up 20% reported.
- Reaffirms 2022 guidance; expects underlying constant currency pretax growth at low end of high-single-digit range.
- Net debt $6,062.5M; net debt to underlying EBITDA 3.13x; dividend $0.38/share paid Sept 15.

## SEC filing metadata
- accession: 0001157523-22-001453
- form_type: 8-K
- ticker: TAP
- cik: 0000024545
- company_name: MOLSON COORS BEVERAGE CO
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24545/000115752322001453/0001157523-22-001453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24545/000115752322001453/a52956504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001453
- JSON: https://secwatch.observer/filing/0001157523-22-001453.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001453.txt

## Key facts
- Earnings Releases
  MOLSON COORS BEVERAGE CO reported the fiscal quarter ended September 30, 2022 results: revenue $ 2,935.2, net income $216.4 million, EPS $0.99 per share on a diluted basis. Guidance reaffirmed.
  - Period: the fiscal quarter ended September 30, 2022
  - Revenue: $ 2,935.2
  - Net income: $216.4 million
  - EPS: $0.99 per share on a diluted basis
  - Guidance: reaffirmed
  - Result: reported results
  source text: Net sales $ 2,935.2 $ 2,822.7 4.0 % $ (109.2 ) 7.9 % U.S. GAAP income (loss) before income taxes $ 273.0 $ 480.6 (43.2 )% $ (21.0 ) (38.8 )% Underlying income (loss) before income taxes (1) $ 364.6 $ 383.6 (5.0 )% $ (20.8 ) 0.5 % U.S. GAAP net income (loss) (2) $ 216.4 $ 453.0 (52.2 )% Per diluted share $ 0.99 $ 2.08 (52.4 )%
  evidence_url: https://www.sec.gov/Archives/edgar/data/24545/000115752322001453/0001157523-22-001453-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.